1 Seppala Way, Key Haven, FL 33040

$15,000,000
Property Type: Vacant Land Lot Size (sq. ft.): 174,240 Status: Active
Current Price: $15,000,000 List Date: 4/15/2024 Last Modified: 12/27/2025

Description

Introducing Enchanted Island, an unparalleled private island located 1.5 miles from Key West accessible via its own private highway exit from US 1. This rare real estate jewel offers an exclusive escape like no other. Presently zoned for sub urban residential use, the island permits the construction of up to two homes. Elevated 15 feet to meet construction codes and with building permits already secured, Enchanted Island is posed for your development aspirations. Additionally, the seller has completed engineered architectural plans for a 7,437 SF home. For those with a vision grander in scale, the option of rezoning and securing permits for up to ten homes exists, providing endless possibilities for your imagination. Enchanted Island boasts all essential utilities, including a new 1000A 120/240V power service, underwater sewer and power lines, and AT&T fiber connectivity. With building permits in hand, your journey from blueprint to building can commence without delay. Spanning an impressive 4 acres, Enchanted Island offers both tranquility and unique features, such as a private ocean reef and partial dredging, ideal for potential boat dock installation. In addition to its private highway access, the island has a history with helicopter use, hinting at the potential for establishing a heliport to further enhance its exclusivity and convenience for the distinguished few who will call it home or their luxury getaway. Enchanted Island seamlessly combines isolation with connectivity, offering a lifestyle statement for the discerning few. This exotic haven envisioned for the elite seeking not just a residence but a statement of lifestyle, stands ready to fulfill visions of grandeur against the breathtaking backdrop of the Florida Keys. Seize the unparalleled opportunity to turn your dream of island living into your reality with Enchanted Island.

More Information MLS# 609597

Contract Information

Current Price: $15,000,000 Listing Date: 2024-04-15 Listing Board: Key West Association List Price: $15,000,000 Limited Representation: No Potential Short Sale: No Bank Owned: No

Location Tax Legal

Street #: 1 Street Name: Seppala Street Suffix: Way Key/Island: Key Haven State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Key Haven 1st Add (5.0) Area: 05 - Stock Island to Shark Key

General Property Description

Realtor.COM Type: Vacant Land Waterfront: Yes Control Depth: 4 Lot SqFt: 174240 Lot Sqft Source: Seller Total Lots: 10 Survey Available: Yes

Status Change Info

Status: Active

Miscellaneous Info

Mobile Home Lot: No Rogo W/Letter: Yes

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

Tax Exemptions: Homestead Waterfront: Beach Front; Gulf Front Dockage: None Waterview: Open Water View Neighborhood Feature: Other Area Features Existing Utilities: Electric on Site; Other Utilities; Sewer BuildingPermit: Active Permit Security: Other Property Rights: Tranfrble Bldg Prmt
Listing Office: Ocean Sotheby's International Realty
Last Updated: December - 27 - 2025
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